Mon Jan 06 12:34:50 UTC 2025: **Quadrant Future Tek IPO Shows Strong Pre-Launch Interest, Expected Debut at Rs 460**

MUMBAI, January 6, 2025 – The upcoming initial public offering (IPO) of Quadrant Future Tek Ltd., a developer of advanced train control and signaling systems, is generating significant buzz even before its official launch. The grey market premium (GMP) currently stands at a hefty Rs 170, representing a 58.62% premium over the upper price band of Rs 290. If this trend holds, the shares are projected to debut at Rs 460 on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 14th.

Quadrant Future Tek’s IPO is a book-built issue offering 1 crore fresh shares priced between Rs 275 and Rs 290, totaling Rs 290 crore at the upper price band. The allocation is 75% for qualified institutional buyers, 10% for retail investors, and 15% for non-institutional investors. Retail investors can participate with a minimum investment of Rs 14,500 (50 shares).

The IPO opens for subscription on January 7th and closes on January 9th. Allotment is scheduled for January 10th, with shares credited to Demat accounts and refunds processed on January 13th.

Sundae Capital Advisors Pvt. is the sole book-running lead manager, and Link Intime India Pvt. is the registrar. The company, incorporated in 2015, specializes in technology for the Indian Railways’ Kavach project and reported revenue of Rs 65.14 lakh and a net loss of Rs 12.11 lakh in the six months ending September 2024.

**Disclaimer:** Investors are cautioned that IPOs carry market risks. Consult a financial advisor and thoroughly review the red herring prospectus before investing.

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